Wednesday, February 1, 2017

WRAPUP 1-U.S. factory activity hits two-year high; private payrolls surge

WASHINGTON, Feb 1 (Reuters) - U.S. factory activity

accelerated to more than a two-year high in January amid

sustained increases in new orders and raw material costs,

pointing to a recovery in manufacturing as domestic demand

strengthens and the drag from low oil prices ebbs.

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